Japan 10-Year Yield Climbs 2.5 Bps to 2.67% as Takaichi Signals Acceptance of BOJ Rate Increase
Japanese Prime Minister Sanae Takaichi signaled acceptance of the Bank of Japan's interest-rate increase last week, reiterating that the central bank should work closely with the government and conduct policy appropriately to achieve the 2% inflation goal. BOJ Deputy Governor Himino warned that delaying adjustments to monetary easing risked prices overshooting, adding that oil-price pass-through to downstream goods was advancing fairly quickly.
Japanese government bond yields rose across the curve, with the benchmark 10-year up 2.5 basis points to 2.67%, the 2-year up 0.5 basis point to 1.405% and the 30-year up 4 basis points to 3.875%. Himino also said easy monetary conditions were likely to remain in place for the time being, while the BOJ assesses the effects of higher policy rates on businesses and consumers.
From the sources (14 posts)
@firstsquawkJapan's benchmark 10-year bond yield advances to 2.670%, up 2.5 basis points.
@financialjuiceBOJ Deputy Governor Himino: Oil price pass-through to downstream goods advancing fairly quickly
@financialjuiceBOJ Deputy Governor Himino: Easy monetary conditions likely to continue
@financialjuiceBoJ Deputy Gov Himino: Delaying adjustment in monetary easing risks price overshoot
@financialjuiceBOJ Deputy Gov Himino: Central Bank to closely watch effects of higher policy rates on firms, families
@financialjuiceJapan PM Takaichi: expect BoJ to closely collaborate with government, implement monetary policy properly to reach 2% inflation goal
@firstsquawkJapan PM Takaichi expects the BOJ to coordinate with the government and support efforts to achieve the 2% inflation target.
@firstsquawkBOJ Deputy Governor Himino says the bank will assess the effects of raising interest rates on both businesses and consumers.
@firstsquawkHimino: Easy monetary conditions are likely to remain in place for the time being.
@firstsquawkBOJ Deputy Governor notes that oil price pass-through to end products has advanced at a somewhat rapid pace.
@firstsquawkJapan’s benchmark 5-year bond yield advances 2.0 basis points to 1.910%.
@firstsquawkJapan’s benchmark 2-year bond yield increases 0.5 basis points to 1.405%.
@businessJapanese Prime Minister Sanae Takaichi signaled her acceptance of the Bank of Japan’s interest rate increase last week by reiterating a standard line touting government coordination with the central bank
@firstsquawkJapan’s benchmark 30-year bond yield advances 4.0 basis points to 3.875%.